Absence of due care by assessee doesn't justify penalty under Income Tax Act Section 271(1)(c); no automatic guilt.

Absence of due care by assessee doesn't justify penalty under Income Tax Act Section 271(1)(c); no automatic guilt. https://www.taxtmi.com/highlights?id=13142 Penalty u/s. 271(1)(c) - absence of due care does not mean that the assessee is guilty of either furnishing inaccurate particulars or attempting to conceal its income - no penalty - AT en-us Mon, 24 Jun 2013 17:01:08 +0530 Mon, 24 Jun 2013 17:01:08 +0530 TaxTMI RSS Generator Absence of due care by assessee doesn't justify penalty under Income Tax Act Section 271(1)(c); no automatic guilt. https://www.taxtmi.com/highlights?id=13142 Penalty u/s. 271(1)(c) - absence of due care does not mean that the assessee is guilty of either furnishing inaccurate particulars or attempting to conceal its income - no penalty - AT Highlights Income Tax Mon, 24 Jun 2013 17:01:08 +0530 https://www.taxtmi.com/highlights?id=13142